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Found 101 article(s) for author 'Jeffrey Frankel'

Moore Problems for the Fed? , April 27, 2019, Opinion, “US President Donald Trump’s intended nominee for the US Federal Reserve Board, Stephen Moore, may end up doing whatever Trump wants, instead of what is best for the economy. Moore’s views on the Fed’s interest-rate policy, and his support for returning America to a gold standard, are disturbing.” Link

Donald Trump and Xi Jinping are missing a trick over trade. Jeffrey Frankel, March 22, 2019, Opinion, “President Donald Trump has postponed until at least April the supposed deadline for concluding the United States’ trade negotiations with China. A good outcome for both sides would be reached if China agreed to protect property rights better and reduce the state’s role in its economy; the US agreed to strengthen national saving and public investment; and both sides agreed to reverse their recent tariff increases. Unfortunately, this is not the deal that is likely to materialise.” Link

The Euro’s First 20 Years. Jeffrey Frankel, January 25, 2019, Opinion, “According to public opinion polls, 20 years after its introduction, the euro is highly popular, with 64% of eurozone citizens supporting the common currency. This offers hope that, if the eurozone’s leaders can learn from past mistakes, the monetary union will survive and even thrive in the future.” Link

Monetary Alchemy, Fiscal Science. Jeffrey Frankel, January 17, 2019, Opinion, “The year 2013 marks the 100th anniversaries of two separate major institutional innovations in American economic policy: the Constitutional Amendment enacting the federal income tax, ratified on February 3, 1913, and the law establishing the Federal Reserve, passed in December 1913.” Link

Re-Reading George H.W. Bush’s Lips. Jeffrey Frankel, December 10, 2018, Opinion, “The late president showed a “profile in courage” in 1990, when he met the Democrats halfway to achieve fiscal responsibility. Unfortunately, his presidency was the last time any Republican has tried to live up to the label of fiscal conservative.” Link

Trump’s trade wars and Brexit are making us all poorer. Jeffrey Frankel, November 27, 2018, Opinion, “The world is in a trade war and there is no sign of peace breaking out anytime soon. By now, the disruption to trade appears extensive enough to factor negatively into forecasts for economic growth. Does that mean the Federal Reserve should stop gradually raising interest rates?” Link

A Trade War is No Reason to Ease Monetary Policy. Jeffrey Frankel, November 26, 2018, Opinion, “A trade war is a negative supply shock, and central banks cannot counteract the negative effects of current policies on real incomes in the United States, the United Kingdom, and many other countries. Only voters can do that.” Link

The New and Not Improved NAFTA. Jeffrey Frankel, October 9, 2018, Opinion, “US President Donald Trump has called the United States-Mexico-Canada Agreement, which succeeds NAFTA, “the single greatest agreement ever signed.” In reality, it is not as good as the Trans-Pacific Partnership, from which Trump withdrew the US upon taking office, nor is it particularly better than the agreement it replaced.” Link

Trump’s Currency Confusion Continues. Jeffrey Frankel, September 20, 2018, Opinion, “Ever since the 2016 US presidential campaign, Donald Trump has falsely accused the Chinese of keeping the renminbi artificially weak. But the fact is that Trump’s own economic policies are driving up the value of dollar – an outcome that would have been foreseen by anyone with a basic understanding of economics.” Link

US will lack fiscal space to respond when next recession comes. Jeffrey Frankel, August 28, 2018, Opinion, “The US economy is doing well. But the next recession – and there is always another recession – could be very bad. The US Bureau of Economic Analysis estimates that GDP growth in the second quarter of 2018 reached 4.1% – the highest since the 4.9% achieved under President Barack Obama in 2014. Another year of growth will match the record 10-year expansion of the 1990s. Add to that low unemployment and things are looking good.” Link

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